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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: Pied Piper who wrote (4926)3/25/2001 6:41:21 PM
From: Condor  Read Replies (1) of 5053
 
Loma de Niquel
17,645 tons of Nickel per yr. should generate revenue in excess of $ US 100,000,000 per year. Conceivably after costs of financing and production it is possible ( I emphasize.... possible) that ITE may take home from $ US 100,000 - 300,000 per year net. It's very dependant on the price of Ni. (ferro-nickel actually) and the costs of production at this lateritic Ni. facility.
One never knows, perhaps someone will want to pick up ITEs .8% and could we see a treasury deposit of 1-3 million US $.
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